Search by
Refresco, the leading independent beverage solutions provider, and SunOpta Inc. (Nasdaq: STKL) (TSX:SOY) have entered into a definitive agreement under which Refresco will acquire SunOpta for US$6.50 per share in cash (approximately C$8.84 per share). The transaction, unanimously approved by both boards of directors, will be implemented through a statutory court-approved plan of arrangement under the Canada Business Corporations Act. Subject to court and regulatory approvals and SunOpta shareholder approval, the acquisition is expected to close in the second quarter of 2026. Upon completion, SunOpta will become a wholly owned subsidiary of Refresco and its shares will no longer be publicly traded.
Lazard served as financial advisor to SunOpta, with legal counsel provided by Faegre Drinker Biddle & Reath LLP and Davies Ward Phillips & Vineberg LLP. Scotiabank advised the SunOpta Special Committee, with Wildeboer Dellelce LLP providing legal counsel. Morgan Stanley & Co. LLC served as exclusive financial advisor to Refresco, while Simpson Thacher & Bartlett LLP and Bennett Jones LLP acted as legal advisors. Morgan Stanley Senior Funding, Inc. and KKR Capital Markets LLC provided committed financing for the transaction.
Parties
Company
SunOpta Inc.
Company
Refresco
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date